Principality will begin operating under MMR rules from 16 March.
Delroy Corinaldi left debt charity StepChange last August.
Corporate cultures won’t change in financial services unless CEOs and Boards are forced to do it.
Labour and the Liberal Democrats could end up in coalition after the next general election.
“Saving more tomorrow” is a great concept but doing it now is even better.
Although risk is essential to getting decent investment returns, to be able to function under current regulations you need to go as heavy on client risk warnings as you can
Investors must have a “Minimum Acceptable Return” otherwise taking on risk is pointless. MAR is the client’s critical target requirement, plus inflation, plus TCO.
Old Mutual Wealth’s acquisition of 3,000-adviser firm Intrinsic is a significant move
FCA annuities review
We know there are lots of different views about what is going wrong and what action we should be taking to make things better.
The regulator is worried that firms with self-employed advisers may have assumed its sales incentive rules do not apply to them. It warns small firms to read the guidance carefully and manage misselling risks.
After announcing the acquisition of Intrinsic this morning, first tipped by Money Marketing in December, OM Wealth chief executive Paul Feeney says he would look at other opportunities.
Scheme had planned to raise an £30m this financial year to fund claims against failed life settlement firm Catalyst but this is now likely fall into next year’s costs due to delays dealing with claims.
In an interview with Money Marketing, Shadow pensions minister Gregg McClymont sets out Labour’s plans to reform the annuity market and cap pension charges if the Government does not act.
Govt charge cap proposal
Former FSA chairman says Government need to commit to a clear timetable to implement the cap.
Most recent comments
Out of context
Aviva PR Fiona Whytock says platform boss Phil Ralli was surprisingly well behaved during a chat with an MM hack.
F&TRC says complexity around auto-enrolment likely to be exacerbated as smaller firms hit their staging dates.
The Big Interview
Unbiased.co.uk chief executive Karen Barrett says today’s advisers cannot ignore technology and need to be multi-media aware. Interview by Amanda Newman Smith